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. >> i've been reading kissinger's book on china, but he raises's broader question which is important. unfathomable as it is to americans there are parts of the world where they do not believe in alienable rights, right? they don't believe in human rights in the way that we do. >> exactly. and when we try to impose it on them they consider it a violation of their sovereignty. >> exactly. >> china feels that way often. russia, same thing. how far do we go in promoting human rights? the trade off that we'll get here. the law gets passed and human rights violators in russia can't come year and now 1,000 children don't come to the united states and people who want them don't get them. >> my personal view, no. they're glad to take our money and they've long had to put their money overseas, but they do not want human rights promotion and we've seen that inside russia and we've seen that against the crockdown on the internet and this is just the latest interaction of the series of things going back for more than a year against the political opposition and what they see is the u.s.-sponsored
. >> i've been reading kissinger's book on china, but he raises's broader question which is important. unfathomable as it is to americans there are parts of the world where they do not believe in alienable rights, right? they don't believe in human rights in the way that we do. >> exactly. and when we try to impose it on them they consider it a violation of their sovereignty. >> exactly. >> china feels that way often. russia, same thing. how far do we go in promoting...
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things like europe, the european debt crisis, things like our fiscal cliff crisis, a slowdown in china. this is how stocks are moving right now. it's no longer how many cannes of coke did we sell last quarter. it's really tied to this so it matters more than before. they're panicking and starteding to see it. look no further than the consumer confidence number dropping, the retail sales. ge has blamed some poorer results this past quarter on lack of investment. you know, honeywell is seeing the pain. they're not filling empty positions. it's already -- it has been starting to affect companies for probably, you know, at least the past quarter already. >> okay. thank you, joy, and thank you leigh. remember, president obama is going to make a statement on the fiscal cliff talks at 5:45 eastern time and msnbc will provide live coverage. until then, chris matthews is up next with the best "sideshow" moments of the year and the nra's best excuses for standing in the way of any and all reasonable restrictions on guns. this is "hardball," the place for politics. to the best vacation spot on ea
things like europe, the european debt crisis, things like our fiscal cliff crisis, a slowdown in china. this is how stocks are moving right now. it's no longer how many cannes of coke did we sell last quarter. it's really tied to this so it matters more than before. they're panicking and starteding to see it. look no further than the consumer confidence number dropping, the retail sales. ge has blamed some poorer results this past quarter on lack of investment. you know, honeywell is seeing the...
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the coal producers, shipping coal over to china. if i'm looking for money, i'm looking at you guys for money. don't you expect the president or congress or somebody to put the squeeze on you to find some way increasings revenues from energy production? >> well, look, they're going to being seeking revenues from wherever they can get them. it would be such a misguided approach to try and do that, david. we consume fuel. we don't create it or sell it. here's the issue. in 1960s or so, about 20% of gdp was driven by electricity. now it is about 60%. i talked before the commercial break about growth capital. think about electricity or energy broadly as growth capital. it is fueling a renaissance of manufacturing in america. why in the world would you want to tax energy that is going to serve to fuel our economic growth? david: why in the world they would want to do a lot of things cutting down growth. got to leave it at that, thomas fanning, southern company ceo and president. shibani: adam shapiro will be out of d.c. on "money" you kno
the coal producers, shipping coal over to china. if i'm looking for money, i'm looking at you guys for money. don't you expect the president or congress or somebody to put the squeeze on you to find some way increasings revenues from energy production? >> well, look, they're going to being seeking revenues from wherever they can get them. it would be such a misguided approach to try and do that, david. we consume fuel. we don't create it or sell it. here's the issue. in 1960s or so, about...
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this is a cat and mouse game china is playing ever since the internet was introduced to china a couple decades ago. it is the latest in a series of restrictions. internet pages already been blocked. usually foreign websites but what china is discovering it is not the outside world they need to be afraid of but the chinese people who want more freedom. >> for inventors looking at companies in china or doing business in china this would seem to be the beginning of real problem. i mentioned in the commercial break this is why nations fail. you cannot have economic growth but political exclusion. what you have in china with eighty two million members of the communist party who enjoy the benefits and prosperity of their economy your paper has been doing the expose of 160 members of the people's paradiso politburo who are getting incredibly wealthy and their own citizenry understand they are being robbed. don't have a eventually rise up? >> they do. a fallacy about china is all the chinese people are happy because the country has seen such a great expansion of wealth and prosperity since the
this is a cat and mouse game china is playing ever since the internet was introduced to china a couple decades ago. it is the latest in a series of restrictions. internet pages already been blocked. usually foreign websites but what china is discovering it is not the outside world they need to be afraid of but the chinese people who want more freedom. >> for inventors looking at companies in china or doing business in china this would seem to be the beginning of real problem. i mentioned...
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is a very serious issue and we had a case in new york where a woman who believed her attacker was in china in fact was able to move into her building in new york, stalk her and murder her two weeks later. >> this was chen, was it not, who was. >> exactly. >> back in 2006 was released back into the united states. and it as horrific story. a 46-year-old woman. he shows up at her house or apartment and horrific act occurs. and we just did a segment on now a newspaper in new york published the addresses of people who have gun permits and this is causing an outrage but in this case information that the public really needs to know, where are these people and who are they. could be they living in our community near us. especially if you were one of the victims of an illegal imcrime. they are left to fend for themselves unless someone shows up on your doorstep and then it is too late. >> and immigration has a victim note fection program but it is very little known and we found that there are only right now a few hundred people involved in it. and that -- and there are thousands of immigrants who a
is a very serious issue and we had a case in new york where a woman who believed her attacker was in china in fact was able to move into her building in new york, stalk her and murder her two weeks later. >> this was chen, was it not, who was. >> exactly. >> back in 2006 was released back into the united states. and it as horrific story. a 46-year-old woman. he shows up at her house or apartment and horrific act occurs. and we just did a segment on now a newspaper in new york...
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how china's trying to make sure the elders are respected. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up some of what med
how china's trying to make sure the elders are respected. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is...
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the government of china imposed tighter controls on internet usage today. now, china's 500 million web users will have to provide their real names when they register for internet service. and providers must delete any web content deemed illegal, and report it to authorities. leading writers and bloggers insisted it's a new way for china's communist leaders to censor their critics. >> ( translated ): since the internet came into china, the chinese government has been repeatedly imposing restrictive measures, such as shielding, blocking and banning. it has even spent billions of dollars to build a firewall against overseas sites. they just don't want to see any freedom of speech which is provided by the constitution because it will hurt their vested interest. >> holman: the new curbs come in the wake of a series of online discussions that have helped expose corruption scandals. russian president vladimir putin signed a bill into law today banning americans from adopting russian children. the move terminated more than 50 adoptions that already were underway. t
the government of china imposed tighter controls on internet usage today. now, china's 500 million web users will have to provide their real names when they register for internet service. and providers must delete any web content deemed illegal, and report it to authorities. leading writers and bloggers insisted it's a new way for china's communist leaders to censor their critics. >> ( translated ): since the internet came into china, the chinese government has been repeatedly imposing...
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we closed down our manufacturing in china and relocated our manufacturing to the usa. for other companies to consider following our lead, they need to trust that our leaders in washington will actually lead. think outside the box. create incentive for businesses to invest in the u.s. economy. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 like today, tdd# 1-800-345-2550 i was using their streetsmart edge trading platform tdd# 1-800-345-2550 and i saw a double bottom form. tdd# 1-800-345-2550 i called one of their trading specialists tdd# 1-800-345-2550 and i bounced a few ideas off of him. tdd# 1-800-345-2550 they're always there for me. tdd# 1-800-345-2550 and i've g
we closed down our manufacturing in china and relocated our manufacturing to the usa. for other companies to consider following our lead, they need to trust that our leaders in washington will actually lead. think outside the box. create incentive for businesses to invest in the u.s. economy. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong....
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china's >> ok. concepts. for 20 years i have been advising -- roughly half of that on financial economic matters. the other half a variety of topics. about 10 years ago, we started talking about role of law. i said to him at the time, what strikes me about this topic was that other than the occasion i can think of, other than when paul worked at the state department and bill clinton was president, this topic in my view has never gotten the attention it deserves. it has been treated too much as a technical topic. not as a fundamental topic about the relations of the states. in my experience, i always say the chinese leadership, the most distinctive characteristic is they are systematically opened. that is to say the modus operandi is on a particular topic, let's look for the best ideas throughout the world, bring them back, study them, and then customize them as appropriate for our own system. and yet in this one respect, they have been a little bit slow. we had this conversation 10 years ago. now, i will stic
china's >> ok. concepts. for 20 years i have been advising -- roughly half of that on financial economic matters. the other half a variety of topics. about 10 years ago, we started talking about role of law. i said to him at the time, what strikes me about this topic was that other than the occasion i can think of, other than when paul worked at the state department and bill clinton was president, this topic in my view has never gotten the attention it deserves. it has been treated too...
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. >> and look at this video out of china. what caused a shark aquarium to burst sending shoppers into panic. >> an animal rescue group trying to help an orphanned bob cat with an unusual problem. >> taking a look outside, boy, it looks like holidays are over. look at the commute going into the east bay. this is a mess, a little bit better for the peninsula you know? you've got to be patient out there. ÑsÑs >>> we want to show you incredible video out of china showing a 33 ton shark tank exploding in shanghai. just a huge wave of water just stops on the onlookers. 15 people were injured. none critically. three lemon sharks and dozens of smaller fish died. shanghai officials say cold temperatures and shod yes materials made the glass so brittle. >> trouble here, some scary moments for shoppers in a sacramento mall after reports of gunfire last night. people ran for safety. to started about 5:00 in the afternoon ai. group of 20 teens pushed shoppers and knocked over things creating a lot of noise, sounding like gunfire, sendin
. >> and look at this video out of china. what caused a shark aquarium to burst sending shoppers into panic. >> an animal rescue group trying to help an orphanned bob cat with an unusual problem. >> taking a look outside, boy, it looks like holidays are over. look at the commute going into the east bay. this is a mess, a little bit better for the peninsula you know? you've got to be patient out there. ÑsÑs >>> we want to show you incredible video out of china...
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school in beijing, before yesterday the only time the two groups met face-to-face was on a visit to china that valley christian made in april. the school provided this video the two bands have been practicing for more than a year. while language is a barrier, music is the common denominator. >> very excited about the opportunity, the challenge is the limited rehearsal time that's what we are doing. >> you can watch the valley christian-beijing fusion ban and the rest of the parade new year's day, 8 a.m. right here on abc7. >>> we want to get a check of the weather with mike. sunshine was beautiful yesterday, but bisque still, i was cold. >> frosty this morning -- but brisk, still, i was cold. >>> as we head into the afternoon clouds on the increase, sprinkles to possibly light rain in the latter parts of the afternoon. 52 san francisco and santa rosa, 54 oakland san jose 51 concord, any snow or rain mainly north during the around snow shower possible in tahoe going to be dry and 31, 39 yosemite, down south mostly sunny low to mid 60s san diego, palm springs and l.a.. >>> headlights headed
school in beijing, before yesterday the only time the two groups met face-to-face was on a visit to china that valley christian made in april. the school provided this video the two bands have been practicing for more than a year. while language is a barrier, music is the common denominator. >> very excited about the opportunity, the challenge is the limited rehearsal time that's what we are doing. >> you can watch the valley christian-beijing fusion ban and the rest of the parade...
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the government of china imposed tighter controls on internet usage today. now, china's 500 million web users will have to provide their real names when they register for internet service. and providers must delete any web content deemed illegal, and report it to authorities. leading writers and bloggers insisted it's a new way for china's communist leaders to censor their critics. >> ( translated ): since the internet came into china, the chinese government has been repeatedly imposing restrictive measures, such as shielding, blocking and banning. it has even spent billions of dollars to build a firewall against overseas sites. they just don't want to see any freedom of speech which is provided by the constitution because it will hurt their vested interest. >> holman: the new curbs come in the wake of a series of online discussions that have helped expose corruption scandals. russian president vladimir putin signed a bill into law today banning americans from adopting russian children. the move terminated more than 50 adoptions that already were underway. t
the government of china imposed tighter controls on internet usage today. now, china's 500 million web users will have to provide their real names when they register for internet service. and providers must delete any web content deemed illegal, and report it to authorities. leading writers and bloggers insisted it's a new way for china's communist leaders to censor their critics. >> ( translated ): since the internet came into china, the chinese government has been repeatedly imposing...
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china is about 10% of our business. it's about 30% of our clients. for our companies, we have about 11% or 12% of the total pipeline in the world and effectively 30% of that is china. so china is now our second biggest market. is between -- let me get the years right. between '09 and '11, our business doubled there from $1 billion to $2 billion a year. it is a smaller growth compared to the u.s. we're seeing the u.s. continue to grow, asia continue to grow, not just china, but other parts of asia. india has a very big percentage growth. but i think we've got a nice balance of growth around the world. >> on the middle east, i'm assuming that business in most areas of the middle east has been quite tough over the past two years especially or are you seeing pockets that are continuing to grow despite the uncertainty. >> you actually, uae and saudi have been very strong. but clearly egypt and places like syria, lebanon, so on have been affected. so it really is -- and we've defer natalie seen a reduction in development in the middle east. so it is a big
china is about 10% of our business. it's about 30% of our clients. for our companies, we have about 11% or 12% of the total pipeline in the world and effectively 30% of that is china. so china is now our second biggest market. is between -- let me get the years right. between '09 and '11, our business doubled there from $1 billion to $2 billion a year. it is a smaller growth compared to the u.s. we're seeing the u.s. continue to grow, asia continue to grow, not just china, but other parts of...
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when we look at the tax policies of japan, china, brazil, other people we're competing for in a global economy we need to keep those rates low. keeping the rates low encourages businesses to commit long-term capital signatures, grow jobs, and grow personal income. >> i know you're a, you know, i know you're a giver, give, give, give. all you're worried about are your investors. what about southern company? why are you so on the dividends -- how does it affect southern company what happens with dividends and capital gains? >> well, it impacts southern as it impacts every other company in our industry. you know, when you think about the electric utility industry, we are a low beta kind of industry. we are low risk and typically we have a relatively attractive dividend yield. the general formation of return to investors is about 50% dividend yield and about 50% growth and earnings per share. so it's critically important for our industry which interestingly is one of the great contributors to employment growth and variety of other things. we spend about $90 billion a year in cap-ex restori
when we look at the tax policies of japan, china, brazil, other people we're competing for in a global economy we need to keep those rates low. keeping the rates low encourages businesses to commit long-term capital signatures, grow jobs, and grow personal income. >> i know you're a, you know, i know you're a giver, give, give, give. all you're worried about are your investors. what about southern company? why are you so on the dividends -- how does it affect southern company what happens...
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to our quote tonight, visit your parents, that's an order, now the law in china. if you don't visit your aging parents, you face a fine in parents. the law is meant to give neglected parents grounds to take their grown children to court. >>> high in the sky over times square, 288, that's how many tiles were installed on the waterford crystal ball. one of of the tiles, dedicated to dick clark, who first began hosting from times square in 1974. when we come back, we remember dick clark and so many american greats, americans who soared to amazing heights, others who gave us a last dance, after a famous seen with his mother. d flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for ches
to our quote tonight, visit your parents, that's an order, now the law in china. if you don't visit your aging parents, you face a fine in parents. the law is meant to give neglected parents grounds to take their grown children to court. >>> high in the sky over times square, 288, that's how many tiles were installed on the waterford crystal ball. one of of the tiles, dedicated to dick clark, who first began hosting from times square in 1974. when we come back, we remember dick clark...
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only china and ethiopia had more, about 2,500 from china, a little more than 1,700 from ethiopia. now, a big reason americans adopt from other countries is the sheer number of available children in russia. there are more than 650,000 orphans. compare that to the united states where there are a little more than 58,000 children living in state institutions or group homes. and adopting babies from american agencies can also be more expensive, and the adoptive parents may be required to have a future relationship with the birth mother. the u.s., of course, not happy with the russian president signing this adoption ban. and the united states is essentially letting russia know. i want to bring in our reporter at the state department. how are officials responding to this, and what can they possibly do? >> reporter: well, suzanne, as you know, the state department kind of handles these adoptions for u.s. parents to help them through the process, also with visa issues, citizenship issues, and issued a pretty tough statement this morning, saying the russian government's politically motivate
only china and ethiopia had more, about 2,500 from china, a little more than 1,700 from ethiopia. now, a big reason americans adopt from other countries is the sheer number of available children in russia. there are more than 650,000 orphans. compare that to the united states where there are a little more than 58,000 children living in state institutions or group homes. and adopting babies from american agencies can also be more expensive, and the adoptive parents may be required to have a...
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check out the shopping mall in shanghai, china, where they install a shark tank that exploded while mall shoppe shoppers -- >> bob: is that for real? >> andrea: it is. spilled out. shark week! to the shoppers. the mall officials said we have no plan to rebuild the shark tank. do you think? >> bob: anybody eaten? what happened to the sharks? >> greg: a great white sale. [ laughter ] >> bob: very good.
check out the shopping mall in shanghai, china, where they install a shark tank that exploded while mall shoppe shoppers -- >> bob: is that for real? >> andrea: it is. spilled out. shark week! to the shoppers. the mall officials said we have no plan to rebuild the shark tank. do you think? >> bob: anybody eaten? what happened to the sharks? >> greg: a great white sale. [ laughter ] >> bob: very good.
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we are waiting to see if this affects china and their soup harris: you mentioned the evidence that south korea has found that the north will be able to fire at us, at our mainland, possibly come in the next two years. is there anything the south is doing at this point? people are feeling imminent danger. >> the south issued that warning about the capability about the missile tests. there is concern about the region, but it is very difficult to stop anything like that. we have some kind of missile patriots in different types of missiles to try to stop that. but it is very difficult if you have a three stage rocket to be able to bring that down very easily. but we did see before that last test that south korea and japanese and american forces were put on alert. perhaps bring you down and casey came came into their territory. back to you. harris: david pifer reporting live today from bangkok. jon: the fiscal cliff is a sport is a way. looking beyond the deadline, short-term battle will have a long-term political impact. let's talk about it with a four-man chairman of the republican party of
we are waiting to see if this affects china and their soup harris: you mentioned the evidence that south korea has found that the north will be able to fire at us, at our mainland, possibly come in the next two years. is there anything the south is doing at this point? people are feeling imminent danger. >> the south issued that warning about the capability about the missile tests. there is concern about the region, but it is very difficult to stop anything like that. we have some kind of...
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right now china is the leading country. russia is certainly in the top 5 with over 700,000 orphans in that country. there's certainly plenty of children who need a loving family here in the united states. >> suarez: how about that side of the story. unicef estimate there is's only about 18,000 russian families looking to adopt children. that's a disproportionate number considering the need for new homes. >> it is. last year alone here in america there were a thousand children adopted from russia. there are many american families, many of whom right now are in the process of adopting these children that are willing, ready, and able to adopt these kids, some of which have severe special needs. so it speaks to the heart of these american families that are willing to adopt these kids and bring them home. the. >> suarez: but there have been unfortunate stories that have gotten a lot of attention here in the united states and back in russia >> does that make things more difficult for your organization and others that are watching
right now china is the leading country. russia is certainly in the top 5 with over 700,000 orphans in that country. there's certainly plenty of children who need a loving family here in the united states. >> suarez: how about that side of the story. unicef estimate there is's only about 18,000 russian families looking to adopt children. that's a disproportionate number considering the need for new homes. >> it is. last year alone here in america there were a thousand children...
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all of those things lead us to be believers in the china story. on europe we've been early and big believers in the draghi road map. yes they're in a mild recession. we think they come out of it in the second half. >> which is why i'm going more toward the second half. >> but the debt markets, the sovereign credit markets we think remain stable. and u.s. equities are more correlated to the spanish and italian bond yields than they are to european gdp. we likehe european influence next year. >> let's say your focus is more on the united states right? if you're buying stocks, you believe your thesis that we're going to get to 1550 at a minimum consumer discretionary is tops on your list the second best performing sector this year behind financials. you think that continues to work why? >> we've seen profit taking on the cliff but by the same token this is an area that has the most to gain if we get a cliff deal and that is our base case. we also like industrials. there we don't think the china recovery and the better tone in europe are fully priced.
all of those things lead us to be believers in the china story. on europe we've been early and big believers in the draghi road map. yes they're in a mild recession. we think they come out of it in the second half. >> which is why i'm going more toward the second half. >> but the debt markets, the sovereign credit markets we think remain stable. and u.s. equities are more correlated to the spanish and italian bond yields than they are to european gdp. we likehe european influence...
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in china that is an order. they require adult children to visit the aging parents often. it does not specify how often. the parents feel they are neglected and sue them. it comes with reports of parents abandoned or ignored by the children. >>> as we talk about, there is a clear tuition over the fiscal cliff. they are working on the legislation, they will watch another battle on sunday. >> we are going to vote sunday night. probably watch the skins-cowboys game. >> washington and dallas play sunday night with the nfc east title on the line. the father played for the redskins in the 1930s. they were in boston at the time. >> most of the fiscal cliff is focused on the impact on the wallet and economy at large, another huge aspect involves a deal to get sequestration and some learn it could cause lasting daniel to military. molly henneberg has the details. >> the cuts will hit across the board. every department in the army, navy, air force, marines and coast guard and they will be steep. of the $1.2 trillion in total spending cuts over nine years, $492 billion come from the
in china that is an order. they require adult children to visit the aging parents often. it does not specify how often. the parents feel they are neglected and sue them. it comes with reports of parents abandoned or ignored by the children. >>> as we talk about, there is a clear tuition over the fiscal cliff. they are working on the legislation, they will watch another battle on sunday. >> we are going to vote sunday night. probably watch the skins-cowboys game. >>...
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. >>> more american jobs than ever >>> more american jobs than ever depend on investments from china. we'll go to california where the chinese are finding bargains they can't pass up on "cbs this morning." "this is george. he is a good little monkey and always very curious. one day george got an important letter. he's built a rocket ship to travel into space." google, how far is earth to the moon? the moon is 238,900 miles... "the great moment had come." 3, 2, 1... [ giggling ] yo, give it up, dude! up high! ok. don't you have any usefull apps on that thing? who do you think i am, quicken loans? ♪ ♪ at quicken loans our amazingly useful mortgage calculator app allows you to quickly calculate your mortgage payment based on today's incredibly low interest rates... right from your iphone or android smartphone. one more way quicken loans is engineered to amaze. ♪ ♪ [ male announcer ] rocky had no idea why dawn was gone for so long... ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds hi
. >>> more american jobs than ever >>> more american jobs than ever depend on investments from china. we'll go to california where the chinese are finding bargains they can't pass up on "cbs this morning." "this is george. he is a good little monkey and always very curious. one day george got an important letter. he's built a rocket ship to travel into space." google, how far is earth to the moon? the moon is 238,900 miles... "the great moment had...
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the only time the two groups met face-to-face was when valley christian visited china in april. the two bands have been practicing in their home countries for more than a year. while language is a barrier, áitáárjz denominator. >> very excited about the tune rehearsal time. >> you can watchxik0 the valley christian-beijing number 57 high school fusion band and the rest of tournament of roses parade new year's day beginning at 8 a.m., right here ons=j0 abc7.=ír=ç there's a little football game i think that follows parade some sort of bowl. >> okay, i'll stick with the parade great tradition.y#6i we want to check on the weather with mike. >>> good morning. high temperatures today low to mid 50s, increasing clouds and sprinkles becoming light rain during the afternoon. storm coming at us rapidly from the west, and it is going to hang along the coast until he gates -- -- gets to the higher country around reading where it turns into some snow sierra increasing clouds, lake tahoe will have snow showers tomorrow partly sunny sunday heading to southern california it is dry all day
the only time the two groups met face-to-face was when valley christian visited china in april. the two bands have been practicing in their home countries for more than a year. while language is a barrier, áitáárjz denominator. >> very excited about the tune rehearsal time. >> you can watchxik0 the valley christian-beijing number 57 high school fusion band and the rest of tournament of roses parade new year's day beginning at 8 a.m., right here ons=j0 abc7.=ír=ç there's a...
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expression of an et you logical idea that we need american society to be cost competitive with places like china. that means giving rich people even more money. and we're not going to standby. >> as i was listening to the president's statement, when he said that he appealed to them, he brought them together, there was some progress. but he also says if it goes over the deadline, he's calling only senator reid to call for an up and down vote. explain the significance of that. s isn't that really based on the fact that the public has said in numerous polls their support of this isn't that really a roll call to the american public on who stands where? >> yes, as a matter of fact, what the president is saying is he needs the american people to commu communicate with their elected representatives and let those elected representatives know that the people want to see a deal that is fair to the working and middle class people. that's what the president is saying. i think the president is correct to do so. and i think that the -- you know, that senator reid has been really clear. we should be there work
expression of an et you logical idea that we need american society to be cost competitive with places like china. that means giving rich people even more money. and we're not going to standby. >> as i was listening to the president's statement, when he said that he appealed to them, he brought them together, there was some progress. but he also says if it goes over the deadline, he's calling only senator reid to call for an up and down vote. explain the significance of that. s isn't that...
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. >>> as countless americans spend time with relatives this holiday season, consider a new law in china on family matters. it says those with aging parents must visit them, and often. just how often, it doesn't say. but according to the state media, parents who feel neglected by their children will be able to take them to court. >>> and a viral video has launched a kicker from norway to internet fame and beyond. 28-year-old hobart lugland has a crazy accurate left foot. his stunt kicks are so much fun to watch, he snagged more than 1 million youtube hits. he also has the attention of the nfl here at home, earning himself a tryout with the new york jets. good luck to him. >>> and we're back in a moment with our "making a difference" report. a new generation preserving a rich musical tradition. okay, here's the plan. you have a plan? first we're gonna check our bags for free, thanks to our explorer card. then, the united club. my mother was so wrong about you. next, we get priority boarding on our flight i booked with miles. all because of the card. and me. okay, what's the plan? plan? mm
. >>> as countless americans spend time with relatives this holiday season, consider a new law in china on family matters. it says those with aging parents must visit them, and often. just how often, it doesn't say. but according to the state media, parents who feel neglected by their children will be able to take them to court. >>> and a viral video has launched a kicker from norway to internet fame and beyond. 28-year-old hobart lugland has a crazy accurate left foot. his...
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the risk is that business goes over seas to places like china and they don't have the scutiny and we might get devices that are not safe. >> kelly: these can go to ireland, heather. thank you very much. we showed you a poll that 64 percent of the americans think that teachers need to be armed . arizona is about to make that happen next. >> julia: smokersment new laws against you. and like snow smokingats work. that will clear out the front of this building. ♪ ♪ but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relief ] [ male announcer ] choose t
the risk is that business goes over seas to places like china and they don't have the scutiny and we might get devices that are not safe. >> kelly: these can go to ireland, heather. thank you very much. we showed you a poll that 64 percent of the americans think that teachers need to be armed . arizona is about to make that happen next. >> julia: smokersment new laws against you. and like snow smokingats work. that will clear out the front of this building. ♪ ♪ but we can still...
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russia is the third most popular country for americans to adopt behind china and ethiopia. >>> former president george h.w. bush remains in the intensive care unit of a houston hospital today. in a statement his longtime chief of staff urged the to put the harps back in the closet. the former president is 88 years old and has been in the hospital since november 23 for a bad case of bronchitis. he has since suffered a series of complications. >>> the national weather service has issued a new winter storm warning for the eastern half of the country as a new system threatens to cause even more travel headaches throughout the region. this comes after more than 21 inches of snow and rain already fell in the northeast. record snowfall in arkansas has left nearly 200,000 people without power. joining me now is the weather channel's kelly cass. kelly, i'm here in washington, d.c. we are hearing warnings from d.c. to maine. don't drive on saturday. you know, hunker down. what's going to hit the east coast over the weekend? >> it will get messy, that's for sure. a lot of people are still trying
russia is the third most popular country for americans to adopt behind china and ethiopia. >>> former president george h.w. bush remains in the intensive care unit of a houston hospital today. in a statement his longtime chief of staff urged the to put the harps back in the closet. the former president is 88 years old and has been in the hospital since november 23 for a bad case of bronchitis. he has since suffered a series of complications. >>> the national weather service...
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a little bit of hope that we'll see more demand for copper this year as china's new government may do some more urbanization. if you take a look at the metals, those with industrial properties, particularly the precious metals, platinum a big winner, palladium a big winner, those used in catalytic converters. >>> thank you, bertha. >>> the iranian navy holding massive drills in the strait of hormuz. this comes from iranian state television. the exercises include fire ships, warships and hover craft as well. we don't see a lot of reaction from the oil markets. wti is below 13 cents. that's a premium that we've seen for now, gosh, nearly a year. higher by 20 bucks relative to crude. $110 per barrel. let's get trading action in terms of stocks. i don't know. mary thompson joins me here on the floor of the nysc. >> well, we're going over the cliff, mary. should we hold hands? >> let's jump. >> do you have a parachute? >> no, i don't. i don't. you know, a lot of traders think that a parachute is going to come in the form of a mini deal. so that's the feeling right now. >> i don't like anyt
a little bit of hope that we'll see more demand for copper this year as china's new government may do some more urbanization. if you take a look at the metals, those with industrial properties, particularly the precious metals, platinum a big winner, palladium a big winner, those used in catalytic converters. >>> thank you, bertha. >>> the iranian navy holding massive drills in the strait of hormuz. this comes from iranian state television. the exercises include fire ships,...
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the letter goes on to say the product was produced by the labor camp in china. people who work here have to work 15 hours a day without saturday, sunday break, and any holidays. otherwise they will suffer torturement, beat, and rude remark. julie keith posted the letter on her facebook page asking friends what she should doll with it. she has since turned over the letter and the box that it came in to immigration enforcement. the case is under investigation. it is illegal to import products made by forced labor. keith is convinced that the letter is real but neither has cnn or officials been able to confirm the authenticity. the offenders are often accused of petty crimes and can be detained up to four years without any judicial process. >> the idea is they are being allowed to work while under detention. there has been a push by some sectors in china to reform or resend such labor camps. >> there is a labor camp, the chinese embassy in washington did not return cnn calls and it's been likely the letter is legitimate and the halloween decoration was marketed and
the letter goes on to say the product was produced by the labor camp in china. people who work here have to work 15 hours a day without saturday, sunday break, and any holidays. otherwise they will suffer torturement, beat, and rude remark. julie keith posted the letter on her facebook page asking friends what she should doll with it. she has since turned over the letter and the box that it came in to immigration enforcement. the case is under investigation. it is illegal to import products...
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he used to -- of china chance is progress to if there was one district name in changing the health and when people said the but the time from cover to,. it was a two session time. what they really meant was that they scanned it things they have read a yesterday. it was the reliable place to go. all of the news fit to print. it was a very important -- it was a very important part of history. let's take the normandy invasion in 1944, a major historic event. you remember -- most of us do not remember that, but if you think of that, could he should the map of the allies' progress? at the end of the thirties. horace. the crimes a point of departure, to make sure they have full reporters, that the most accurate news was really in the newspaper. the great news reporters could do so much. so it really was not the place for people to go to the news. i want to stress something else out. at that time, the government and the media were aligned. there was not this junction that we have now. it was not fox fees. there was not a gap that will come to later. i wanted to become the new media and admini
he used to -- of china chance is progress to if there was one district name in changing the health and when people said the but the time from cover to,. it was a two session time. what they really meant was that they scanned it things they have read a yesterday. it was the reliable place to go. all of the news fit to print. it was a very important -- it was a very important part of history. let's take the normandy invasion in 1944, a major historic event. you remember -- most of us do not...
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burger king has similar joint ventures in russia, brazil, south africa and china. >> more than 14,000 dock workers on the east coast and the gulf are threatening to go on strike on sunday. brian takes a look at the impact it could have on the economy. >> they move everything from our clothes to toys and electronics through the ports and into the marketplace but a lot of the goods won't be making it to our stores in longshoreman at more than a dozen ports from main to texas go on strike. that's what could happen by sunday if a deal can't be reached between the major shipping companies and a union representing nearly 15,000 longshoremen. >> the impact would be great. obviously on the dollar value side. on the cargo handling side but also on the job side because again these sports are major economic generators. >> richard of the maryland port administrator and others say the economic damage from a strike would reach well beyond the docks. >> your mom and pop retailer to your farmer to the trucking company that has to pick up the container atmosphere the port. so not just at the port but
burger king has similar joint ventures in russia, brazil, south africa and china. >> more than 14,000 dock workers on the east coast and the gulf are threatening to go on strike on sunday. brian takes a look at the impact it could have on the economy. >> they move everything from our clothes to toys and electronics through the ports and into the marketplace but a lot of the goods won't be making it to our stores in longshoreman at more than a dozen ports from main to texas go on...
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i know the average income in china, 3500 to 4,000 u.s. dollars and the average home in beijing trades at 100 times income, that makes me a little nervous. you know more about asia than i do. >> when you get those average income numbers, that's encompassing a very vast country. when you look at the house prices on the eastern seaboard, places like shanghai and beijing, it's a small sliver obviously of that. it's not really apples and apples. it's apples and oranges. i don't know how to say that in chinese. i'm sure there's a fantastic saying to say it's not apples and apples. >> apparently our predictions are happening. the dow is coming back. i'm kidding. >> we're still down. we're back above 13,000. there you go. >> comeback. >> on the way to a record high. >> come back ten points, but it clearly is my prediction on a good dow next year. that can be the only reason. >> soak it up, baby. soak it up. >> yeah, right. >> come it up. i'm staying good-bye here. imheading off to the closing bell. up next what the fiscal cliff could mean for mom
i know the average income in china, 3500 to 4,000 u.s. dollars and the average home in beijing trades at 100 times income, that makes me a little nervous. you know more about asia than i do. >> when you get those average income numbers, that's encompassing a very vast country. when you look at the house prices on the eastern seaboard, places like shanghai and beijing, it's a small sliver obviously of that. it's not really apples and apples. it's apples and oranges. i don't know how to say...
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number five-- china. is china slowing or is china leading the world? we do know that china will be the biggest economy in the world by 20-20, for sure by 20-30. china also getting more than a few mentions during the presidential campaign, probably because it's pretty clear it's both a competitor and a partner. number four-- europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three-- the housing market finally, finally bottomed out. the combination of low home prices and continued record low mortgage rates set off a building and buying spree. investors began buying entire neighborhoods. but first-time buyers were also able to get a home of their own for the first time in years, as long as they had a hefty down payment. number two-- the election. more than just about obama and romney. it was about socialism and capitalism. it was about spending and cutting, about what kind of role government should have in your life. number one is the fiscal cliff. lawmakers saw it coming but did
number five-- china. is china slowing or is china leading the world? we do know that china will be the biggest economy in the world by 20-20, for sure by 20-30. china also getting more than a few mentions during the presidential campaign, probably because it's pretty clear it's both a competitor and a partner. number four-- europe. the european union was fractured by too much debt and the austerity plans to fix it. that saga is far from over. number three-- the housing market finally, finally...
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gregg: i want to show you this new video of a dramatic rcue in china. a young woman getting money from an atm machine is grabbed from behind and then a knife is put to her throat. there you see it. you can see the man holding her. a special unit of police and professional negotiators dispatched immediately to the scene after two hours finally able to take him down. wow. patti ann: the u.s. government is the nation's largest assett holder managing nearly 900,000 buildings and 640 million acres of land. in short hundreds of billions worth of assets that it could sell off to pay down the national debt. some say it's time for the government to start selling. william la jeunesse is live with that story for us. >> reporter: when trying to reduce federal spending any single line item is either diminished as a droop in the bucket or praised at ever penny count. although no individual program will solve this budget crisis what to peel do when money is tight, when you're already borrowing money for every dollar you spend? you raise money with a garage sale. from
gregg: i want to show you this new video of a dramatic rcue in china. a young woman getting money from an atm machine is grabbed from behind and then a knife is put to her throat. there you see it. you can see the man holding her. a special unit of police and professional negotiators dispatched immediately to the scene after two hours finally able to take him down. wow. patti ann: the u.s. government is the nation's largest assett holder managing nearly 900,000 buildings and 640 million acres...
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. >>> china. a huge fish tank holding sharks burst wide open at a shopping mall. security video capturing the moment the glass broke. saturdays of glass covering some shoppers. local media reporting several people with injuries from cuts to a broken leg. some of those lem on sharks, fish around turtles died. that s a wrap on this fox trip around the world in 80 seconds. >> harris: more on the breaking news at this hour. the death of retired general norman schwarzkopf. his extraordinary life and military career, next. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. mine was earned off vietnam in 1968. over the sou
. >>> china. a huge fish tank holding sharks burst wide open at a shopping mall. security video capturing the moment the glass broke. saturdays of glass covering some shoppers. local media reporting several people with injuries from cuts to a broken leg. some of those lem on sharks, fish around turtles died. that s a wrap on this fox trip around the world in 80 seconds. >> harris: more on the breaking news at this hour. the death of retired general norman schwarzkopf. his...
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amazing and terrifying video out of shanghai, china. 33-ton shark tank exploded sending sharks flying everywhere and shoppers running for their lives. at least four people were in front of the tank when it cracked as you saw there. 16 people suffered cuts and bruises, nobody was seriously hurt. three lemon sharks died. officials are investigating whether cold temperatures along with shoddy design may have caused this. >> i'm not sure this gives you the story you want. i got bit by a shark in front of the gap. >> shanghai known for its rigorous building standards. >> i love shanghai but this is always the criticism. is everything built right because it looks good. >> fabulous city but a little shoddy in some of the standards. >> that's a weird story. >> i've never heard of that happening. >> never before. we cover a lot of crazy stories. >>> one of the crazy stories we cover on cnn is the fiscal cliff. we'll wait to see if a critical meeting at the white house will prevent us from falling over the fiscal cliff. congressional leaders meet with president obama and vice president biden if
amazing and terrifying video out of shanghai, china. 33-ton shark tank exploded sending sharks flying everywhere and shoppers running for their lives. at least four people were in front of the tank when it cracked as you saw there. 16 people suffered cuts and bruises, nobody was seriously hurt. three lemon sharks died. officials are investigating whether cold temperatures along with shoddy design may have caused this. >> i'm not sure this gives you the story you want. i got bit by a shark...
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. >> yeah, that's right, they built it in china. >> let's never revisit that. you didn't build that. >> i'll tell you one thing, viral videos helped spread the word about it. number four, our old friend herman cain, a lot of our friends were afraid after his pokemon speech, we'd never hear from him again. this video game involving chickens. >> your average american taxpayer, big government. >> ahh! >> any questions? >> i've got a lot of questions. that is so weird. >> i totally get that video. see, the guy represents the american people, the chicken represents big government, and herman cain represents nobody ever, because he'll never get elected to anything, ever. >> you talk to herman, he still swears, he would have been the republican nominee. and i'm sitting there going, herman, seriously, you need a mental checkup. >> there's something in there that explains why we like herman cain. >> but sad reality, he was the republican front-runner. >> everybody was the republican front-runner! will was? >> never have chicken wings at a godfather's pizza. >> the next
. >> yeah, that's right, they built it in china. >> let's never revisit that. you didn't build that. >> i'll tell you one thing, viral videos helped spread the word about it. number four, our old friend herman cain, a lot of our friends were afraid after his pokemon speech, we'd never hear from him again. this video game involving chickens. >> your average american taxpayer, big government. >> ahh! >> any questions? >> i've got a lot of questions. that...
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when we fall, china rise. open your eyes. let god come in to our life. we cannot live by the gun, money, and power. thank you very much. host: thank you for the call. and exclusive about every clan that she'll be back to work next week. she will return after three weeks of recovery after a stomach virus. she can move forward with their plan to testify in open hearings on the attacks in benghazi, testimony she was not ine to give earlier december. she will be back at the state department. she has been recuperating. next call from trenton, new jersey. our next call. caller: i voted republican but i have at one of independent the points. it seems we have a logjam in washington over this voting on the fiscal cliff. the log jam seems to be on the democrat side. they should try to place the blame on republicans. harry reid can talk about mr. boehner. he sat over there for three years and has not passed a bill on his side of the aisle. i feel there is an imbalance in the thinking of the people of this country. if we do not get her mind straits, we're in for som
when we fall, china rise. open your eyes. let god come in to our life. we cannot live by the gun, money, and power. thank you very much. host: thank you for the call. and exclusive about every clan that she'll be back to work next week. she will return after three weeks of recovery after a stomach virus. she can move forward with their plan to testify in open hearings on the attacks in benghazi, testimony she was not ine to give earlier december. she will be back at the state department. she...
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they have been ineffective because china that dan. you know, when you look at it, everything that we have tried after the bush years has been a failure. now, during the bush years in the early part of that administration, it puts real financial squeeze on the regime. but then they drop it because they have this fantasy that if we can just sit down one more time with the north koreans, suddenly we will have a deal that will make all this go away. it is not how the world works. the north koreans are getting better each time out launching missiles and setting off nuclear explosions. >> on that note, how realistic do you think it is? and how soon do you think it would be that they would be able to i'm one of these long-range missiles with a nuclear warhead? >> that is the real question. this last missile test was real important because it showed that they were successful. they got it up into the atmosphere. it can go a long way to the united states. now, if they perfect nuclear explosions and start miniaturizing it, being able to put it o
they have been ineffective because china that dan. you know, when you look at it, everything that we have tried after the bush years has been a failure. now, during the bush years in the early part of that administration, it puts real financial squeeze on the regime. but then they drop it because they have this fantasy that if we can just sit down one more time with the north koreans, suddenly we will have a deal that will make all this go away. it is not how the world works. the north koreans...
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i'm like, you're right, they built it in china. >> all the fact checking organizations say it was totally taken out of context and very misleading, but i really wish we had those three minutes for will to rehash the whole "you didn't build that" -- >> please, never revisit that, you didn't build that. >> well, the viral videos helped spread the word about it. now, number four, our old friend herman cain, a lot of us were afraid after his pokemon concession speech, we'd never hear from him again, but he does have a life after the presidential campaign. this video involving chickens. >> is the average american taxpayer feeding big government? >> ahh! >> any questions? >> i've got a lot of questions. that is so weird. >> i totally get that video. see, the guy represents the american people, the chicken represents big government, and herman cain represents nobody ever, because he'll never get elected to anything, ever. >> you talk to herman, he still swears, he would have been the republican nominee. and i'm sitting there going, herman, seriously, you need a mental checkup. >> there's somethi
i'm like, you're right, they built it in china. >> all the fact checking organizations say it was totally taken out of context and very misleading, but i really wish we had those three minutes for will to rehash the whole "you didn't build that" -- >> please, never revisit that, you didn't build that. >> well, the viral videos helped spread the word about it. now, number four, our old friend herman cain, a lot of us were afraid after his pokemon concession speech,...
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we're talking about how china is taking over. what we need to make some decisions that is going to help the america people, corporate america, middle-class america, those individuals that are not in the capacity whatever so ever, i expect our elected officials to getting together, work this thing out, do the right thing, quit the fighting and come up with a solution even if they have to go back after the fact and just get things the way they are supposed to be. >> some of the expectations there from willard. we're going to go on to cal on the republicans line in tennessee. what do you think of the fiscal cliff and where the negotiations are so far? >> i think they ought to go over the fiscal cliff. we have people like that that are on the government bill too long. they are sucking the tit of the federal government. i think everyone should pay their fair share. we have almost a $17 billion national debt. not only, the rich but everyone should pay their fair share. we also need some spending cuts too. $3 for every $1. if you don't
we're talking about how china is taking over. what we need to make some decisions that is going to help the america people, corporate america, middle-class america, those individuals that are not in the capacity whatever so ever, i expect our elected officials to getting together, work this thing out, do the right thing, quit the fighting and come up with a solution even if they have to go back after the fact and just get things the way they are supposed to be. >> some of the expectations...
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111
Dec 28, 2012
12/12
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CSPAN
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eye 111
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stamps.t had food since china and russia when to communism because of starvation, it would be best to keep people do not have much money. one of the questions that i wanted to guess is you're not given any costs or payments -- let's see a mother or a child on food cards. how much per month do they get? according to my computer, they would not get enough to eat very well. host: thank you. guest: so, for a family of four, let's say, two adults, two children, the maximum benefit for a family of four would be $670 per month. it is in low-cost diet. that is why we likely see a lot of use of these programs along with other assistance. the caller is right that it is not the supplemental nutrition assistance program -- now the supplemental nutrition assistance program, but these are electronic benefitcards. host: as you deal with these issues, you also deal with obesity because often these families are eating less than healthy food or fast food. guest: that is true. it is complicating when you try to talk about them together. it is important that you remember that many of these food insecure
stamps.t had food since china and russia when to communism because of starvation, it would be best to keep people do not have much money. one of the questions that i wanted to guess is you're not given any costs or payments -- let's see a mother or a child on food cards. how much per month do they get? according to my computer, they would not get enough to eat very well. host: thank you. guest: so, for a family of four, let's say, two adults, two children, the maximum benefit for a family of...
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213
Dec 28, 2012
12/12
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KGO
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. >>> now to a terrifying scene for shoppers in china. if you are afraid of sharks, you may not want to watch this video. this was an indoor tsunami. a huge shark tank burst, sending broken glass and water crashing into onlookers. more than a dozen people were injured. mostly with minor cuts and bruises. sadly, the sharks did not survive. >> who thought that was a good idea? >>> the economy could suffer a major blow next week if thousands of union dock workers make good on their threat to strike. a walkout would close every port from boston to houston. that means tons of goods would not be able to move in or out. the contract expired back in september. >>> and it is that time of year again when warnings go out to everyone about the dangers of thin ice. case in point, take a look at this from monroe county, michigan. jim swayze was walking his dogs when one of them went out on the ice and fell in. oh, poor guy. his wife called in her cousin, he came out, jumped in the water to help their dog. rescue crews were able to get man and best frie
. >>> now to a terrifying scene for shoppers in china. if you are afraid of sharks, you may not want to watch this video. this was an indoor tsunami. a huge shark tank burst, sending broken glass and water crashing into onlookers. more than a dozen people were injured. mostly with minor cuts and bruises. sadly, the sharks did not survive. >> who thought that was a good idea? >>> the economy could suffer a major blow next week if thousands of union dock workers make good...
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279
Dec 28, 2012
12/12
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CNBC
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it's the second largest port to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the container cliff as well. business groups are asking president obama to use his emergency powers under taft hartley to prevent a strike. president bush did that back about ten years ago. while a strike will cause major disruptions, there are alternatives for transporting goods, rail and also air are options, but of course those options are not cheap. >> back in november, our members started putting contingency plans into place. the options were either divert containers to west coast ports, bring merchandise in earlier, use canada or mexico, or use air freight. but all of those come at a significant cost as well. >> now, the deadline is 12:01 tomorrow night.
it's the second largest port to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the container cliff as well. business groups are asking president obama to use his emergency...